Foreclosures accounted for 43 percent of January’s home sales in the Phoenix area, bouncing up from about 30 percent of single-family resales in the last few months of 2010.
The latest report from Arizona State University’s W.P. Carey School of Business also reports that more than 3,600 single-family homes were impacted by foreclosure proceedings in January, up from less than 2,500 in December.
Meanwhile, Zillow reports today that 70 percent of Phoenix-area mortgages are underwater.
At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.
If you have a gay real estate story that you’d like to share with us, contact us at firstname.lastname@example.org